Pros
- ✓Welcome Bonus: $100
- ✓No annual fee
Cons
- ✗Foreign Transaction Fee (2.5%)
- ✗No purchase protection
Our Review
The Scotiabank Momentum No Annual Fee Visa Card is an excellent cash back credit card in Canada. Right now, you can get 5% cash back on all your purchases for the first three months (up to $2,000 in total purchases).
With the Scotiabank Momentum No Annual Fee Visa Card, you get:
- 1% cash back on purchases at grocery stores and pharmacies, as well as on meal delivery services and subscriptions to ready-to-cook meal services
- 1% cash back on gas, electric vehicle charging, and public transit such as bus, taxi, and ridesharing trips
- 1% cash back on eligible recurring bill payments such as utilities and gym memberships
- 1% cash back on eligible subscriptions such as video streaming or music streaming services
- 0.5% cash back on all other eligible purchases
It is an excellent no annual fee Visa credit card for cash back. Also note that you can use your cash back at any time (the cash back balance must be at least $25).
In addition, you can benefit from an introductory rate of 0% on balance transfers for the first six months. A 2% fee applies to cash advances.
Offer ends: 2026-04-30
Rewards
All Spending
0.5x
Cash Back pts per dollar
Groceries
1x
Gas
1x
Pharmacy
1x
Transit
1x
Recurring
1x
Streaming
1x
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$224
$/yr
Estimated Value
$224
After Fees
+$224
1st Year Value
$324
incl. welcome bonus
Annual rewards breakdown
Interest Rates
- Purchase Rate20.99%
- Cash Advance22.99%
- Balance Transfer Promo0%
- Foreign Transaction Fee2.5%
Eligibility
Personal Income
$12,000
Household Income
$12,000
Terms & Conditions
Card Features
Special offer : 5% cash back on all purchases (up to $2,000 in total purchases) for the first three months.
0% introductory rate on balance transfers for the first six months (2% cash advance fee; after that: 22.99% and no annual fees).
- Get 1% cash back on purchases at grocery stores and pharmacies, as well as on meal delivery services and subscriptions to ready-to-cook meal services
- Get 1% cash back on gas, electric vehicle charging, and public transit such as bus, taxi, and ridesharing trips
- Get 1% cash back on eligible recurring bill payments such as utilities and gym memberships
- Get 1% cash back on eligible subscriptions such as video streaming or music streaming services
- Get 0.5% cash back on all other eligible purchases, with no cash back cap
- You will earn 1% on all eligible purchases of Transit, Rideshare and Food Delivery¹.
- New Cash Back Anytime feature: Redeem your cash back that you’ve earned whenever you need it, through the Scotia app or Scotia Online ($25.00 minimum redemption)¹.
FAQ
What is the Scotiabank Momentum No Annual Fee Visa Card?
The Scotiabank Momentum No Annual Fee Visa Card is a cash back credit card offered by Scotiabank with no annual fee. The Scotiabank Momentum No Annual Fee Visa Card lets you earn cash back on everyday spending while keeping a simple, accessible structure.
How does cash back work with the Scotiabank Momentum No Annual Fee Visa Card?
The Scotiabank Momentum No Annual Fee Visa Card offers up to 1% cash back on several categories of eligible everyday purchases, such as groceries, gas, recurring payments, and certain subscriptions. Other eligible purchases made with the Scotiabank Momentum No Annual Fee Visa Card also earn a base cash back rate.
Which expenses earn bonus cash back with the Scotiabank Momentum No Annual Fee Visa Card?
The Scotiabank Momentum No Annual Fee Visa Card provides cash back on:
- Grocery and pharmacy purchases
- Gas and electric vehicle charging
- Public transit (bus, taxi, rideshare)
- Recurring bill payments (utilities, gym)
- Streaming service subscriptions
These categories make the Scotiabank Momentum No Annual Fee Visa Card a good fit for everyday spending.
How do you redeem the cash back earned with the Scotiabank Momentum No Annual Fee Visa Card?
Cash back earned with the Scotiabank Momentum No Annual Fee Visa Card can be redeemed once a minimum balance is reached. The primary cardholder or co-applicant can deposit the cash back into an eligible account via the online banking portal. The Scotiabank Momentum No Annual Fee Visa Card therefore offers flexible redemption options.
Does the cash back from the Scotiabank Momentum No Annual Fee Visa Card expire?
The cash back balance earned with the Scotiabank Momentum No Annual Fee Visa Card does not expire as long as the account remains open and in good standing. If the account is closed, a period is provided to use the remaining cash back.
Can you add additional cards to the Scotiabank Momentum No Annual Fee Visa Card?
Yes. The Scotiabank Momentum No Annual Fee Visa Card allows you to add additional cards at no extra annual fee. Purchases made with these cards contribute to the overall cash back earned on the primary account.
What additional benefits does the Scotiabank Momentum No Annual Fee Visa Card include?
In addition to cash back, the Scotiabank Momentum No Annual Fee Visa Card provides access to discounts on vehicle rentals with AVIS and Budget in Canada and the United States. Scotiabank Momentum No Annual Fee Visa Cardholders can also use Scotia SelectPay to split certain eligible purchases into installments.
Does the Scotiabank Momentum No Annual Fee Visa Card include protections?
The Scotiabank Momentum No Annual Fee Visa Card includes certain protections and terms set out in the credit agreement, including transaction security. It offers a simple solution for consumers looking for a card with no fixed fees.
Who is the Scotiabank Momentum No Annual Fee Visa Card for?
The Scotiabank Momentum No Annual Fee Visa Card is particularly suitable for:
- Consumers who want to avoid annual fees
- People with regular grocery and gas spending
- Users looking for a simple, accessible card
- Households that want to earn cash back without an annual financial commitment
Is the Scotiabank Momentum No Annual Fee Visa Card suitable for carrying a balance?
The Scotiabank Momentum No Annual Fee Visa Card is primarily designed to earn cash back on everyday purchases. It may not be suitable for people who plan to carry an unpaid balance long term. It is recommended to use the Scotiabank Momentum No Annual Fee Visa Card responsibly and pay the balance in full whenever possible.
Legal
*Conditions apply. Rates, fees and other information are effective as of Oct 31, 2025. Subject to change.
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Banque Scotia. All trademarks are property of their respective owners.